About your Search

20121201
20121231
STATION
FBC 43
CNBC 23
KGO (ABC) 1
KPIX (CBS) 1
LANGUAGE
English 69
Search Results 0 to 49 of about 69 (some duplicates have been removed)
looking for a job myself. cheryl: construction, there was a loss of 20,000. most of us expected a little bit of a game and that ector. >> maybe it will take a little bit longer to give up. my brother is still out of his house. they cannot get anyone to do work on it yet. cheryl: let's go over to the cme. i know that metals has been a big focus for a lot of traders today. what are you watching? >> just the price action in gold. it really gives the feedback. people, you know, maybe a risk on trade. it jumps back to the 17th 04 daily highs. that makes me believe i want to belong before the meeting and at the end of the year where we can hit that 1750 range. cheryl: very interesting. let's head over to the imax. i want to talk about a move that we are seeing in oil. it looks like some bearish signs for oil, in particular, when it comes to terms of supply. >> i think we get to 85 and then rebounds and get back up to the 88-89 level. the fiscal cliff talks not going anywhere yet. during the next two weeks we will start to see some positive remarks. one thing that is very interesting, heat and
miller, thank you very much. john fund, thank you. time for a few quick comments. ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. gerri: hello, everybody. i am gerri willis. ten days until we got the fiscal cliff. president obama speakingmoments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they wou
christmas carol" god bless us every one. good night. >> sean: thank you for being with us. merry christmas and happy new years to you and yours. and have a grererererere >> alisyn: good morning, everyone. it is saturday, december 22nd. i'm alisyn camerota. he fought to protect our country. john hammar spent the last several months in a mexican cell jand to it a bed. >> job has been rotting in that cell since august. >> that retired marine is now safely back on american soil just in time for christmas. we have the new video into our newsroom we will show you. >> and with no deal in place to prevent the looming fiscal cliff, president obama says goodbye dc. aloha, hawaii. >> smart move. >> good call. good swap. is it really time to cool off and drink some eggnog? cool off in hawaii? or is it grudge time? [ laughter ] warm up wheel of fortune may be a misforeign. i would like to solve. >> seven swans aswimming. >> military woman uses it all because she forgot to pronounce the g instead of swimmen it's swimming. >> that is ridiculous. >> send us emails and tweets on that one. >> it's have a va
? >> well, we talk about distractions. we have the president telling us that we need some kind of cooling off period. this is a president that had two years with the democratic house and senate. and everyday come they woke up and did not raise taxes. so they really wanted to do this, if they really believe, they want their taxes to go up on earners making more than $250,000 tunnel were we waiting until the last minute? ten days before the tax hike said. it is a mystery that they are saying that this is an emergency one they had to two years they could have done before. gerri: okay, this is what plan b was under john boehner. if you make a million dollars one year you pay a permanent estate tax at 35%, not 50%. that will go into effect january 1. if plan be is a no go, what will plan c look like? by the way, i love your red jacket. >> the problem isn't this. the real problem is the guy who was visiting a obama in the white house just a few minutes ago. mr. harry reid. the senate has not passed a budget more than three years. the senate has not passed anything on the fiscal cliff greathouse
? >> all right. have we not been lulled into -- you know, anything bernanke does now doesn't shock us or surprise us. isn't this extraordinary? >> you know, a few years ago, there were all kinds of things that i would v never happened. now if people ask me if such and such is possible, i say anything is possible. >> one of the things that i did think immediately yesterday was ben bernanke may not have this job in two years, right? people talk about that. he may decide he doesn't want to do it. >> he was asked about it. >> but he may ultimately be locked in. he may be locking in his successor and his successor after that into this type of thinking and this type of program. how hard is it to get out of this later? >> it is going to be extremely hard to get out of this, regardless of who the leader is, because, again, it is now -- you know, this is no longer an extraordinary measure. you did this during the emergency and then it's time to get out. now we're -- you know, we're in a bit of a quasi equilibrium here and this is how we're running monetary policy now. so to now being doing a r
pressure, however people use that as a buying opportunity which is evidenced in the two-day chart. with the fiscal cliff fast approaching, naturally it's about time lawmakers took a long recess. >> they're gone today, but will be back tuesday. it meets with small businesses in their district, they will highlight what they say i see ae small business tax hike president obama is pushing. the president is skipping town also for a quick stop in northern virginia. there he will meet with a middle-class family to press congress to protect those making less than $250,000 per year for a tax increase by raising rates on those earning more. the white house demanding a tax rate increase. republicans will agree to increase taxes through eliminating deductions. even if they figure out taxes, democrats and republicans still have to resolve significant differences on entitlements. take a listen. >> it is not even the right thing to do first and foremost. visit the trophy that republicans want? is that what they want to do what is right to raise the rates? speak of the american people want us to
. coming up, the mayor is going to be joining us live, talking about the ports, the drive to bring a football stadium back to life to the city and the city's biggest looming crisis. liz: pandora taking a big hit today down 17.5%. the company beat on some expectations and did very well with revenues but they lowered fourth-quarter estimates saying they swing a lot. pandora president and ceo on why the expectations were lower. he says it is one metric, nothing to worry about and what is being done to bring in more revenue from the event. david: a mixed day on wall street stepping the losing streak while the nasdaq closed in the red as apple tumbled almost 7%. searching before getting back some of the gains in the last half-hour. utilities and financials with a top performing sectors. adding 118,000 private sector jobs in november. sharply down from 137,000 created in october. blaming hurricane sandy saying it trimmed job growth by 86,000 workers, small business created the fewest jobs in nearly two years. factory orders edging higher in october rising 0.8% according to the commerce d
these rules come and you will have a condo line of imitators following you anywhere. thanks for watching us. you can thank me later. have a merry christmas. gerri: hello, everybody. i am gerri willis. ten days until we got the fiscal cliff. president obama speaking moments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and fure out a passport. he said he is ready and willing to try to get a compromise pac
:00 p.m., first responders benefited on long beach island. make sure you join us on monday. "squawk on the street" is next. >>> good friday morning. welcome to "squawk on the street." live at the nyse. a blowout session in shanghai overnight. best single day gain in more than three years on a pretty decent pmi. europe has also been a blend of red and green as the ft names ecb chief the person of the year. we're going to kick off with breaking news. for that would, we go to david faber. >> news on best buy, in the news yesterday. the stock up sharply. what we can tell you right now is the board of directors of best buy, and its founder, richard schultz, has been trying to put together a group to essentially buy the company in a go private transaction, have extended the deadline in which he would need to come with a bid for best buy and created a window in fact that will begin on february 1st next year and end with the end of that month on february the 28th. giving schultz the opportunity to look at not just christmas sales, but the end of their fiscal year, which will end at best buy
the nation's capital on this. dagen: think those photos are yours and only yours? instagram says it could use your photos in ads, if it wants to. connell: this could cost us. the next on bank account adds. dagen: nicole 5 on the new york stock exchange. nicole: this is unbelievable. we continue to get the headlines out of washington. we have boehner coming out with plan b. we are getting harry reid response saying that speaker banners -- boehner approach is very far away. the markets have managed to move back higher. there is a look at the nasdaq. the dow is a winner of about .5%. connell: let's follow up on this breaking news on the speaker of the house john boehner. dagen: richardson is live in washington, d.c. with what the heck. rich: the house will vote as early as this week to extend tax rates for those making less than a million dollars a year. house speaker john boehner says he is still negotiating plan a with president obama. the reason for the backup plan, speaker boehner says, after optimism, the white house is latest offer has soured the mood within republicans. >> it was essentia
. people's lives and jobs and retirement funds. >> thank you for being with us this morning. dave, you are headed to washington. let us know what's happening. >> he's going to fix it. >> we're going to have pizza. >> make sure you join us tomorrow. "squawk on the street" is next. ♪ >>> led zeppelin to wash away monday blues. congrats to the band for winning kennedy center honors last night. welcome to "squawk on the street." i'm carl quintanilla along with jim cramer, david faber live at nyse. melissa will join us in the next hour. we're kicking off the month of december with strength. anticipating good auto numbers today. greece unveiling that $10 billion eurobond buyback. a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing da
in snow. she shows us the tricks she used to survive and how she managed to escape. >>> and we asked, is it real or is it fake? that video of an eagle snatching up a baby, blowing up so fast. grabbing more than 16 million views in two days. it worked. but, yes, it's a hoax. this morning, we go straight to the source to learn the secrets of how they did it. >>> good morning, america. hi to robin at home. great to have elizabeth vargas back. paula faris in today. i'm surrounded. this is great. >> george's angels. >> that's right. >> and by the way, i knew it was a hoax. i knew that eagle wasn't grabbing that baby. >>> we have a lot to get to today. including the fiscal cliff showdown. talks have broken down. house republicans are going to push a fallback plan today. they're trying to make sure that taxes don't go up for anyone making under $1 million. will it help or hurt the negotiations? >>> and president obama front and center on the gun control debate, promising yesterday quick action. we'll show you how some cities are arming teachers. while many parents are taking safety in
at the economy, the looming fiscal cliff. my partner, tyler mathisen kicks it off for us at the new york stock exchange. >> thank you very much. it is a quiet day down here at the new york stock exchange where the major averages are not really doing very much at this hour. let's take a look. the industrials are down 7 2/3 points at 13,163. nasdaq a little bit lower also in percentage terms. also a percentage at 29891.48. 2 3/4 right now at 1416.74. it would appear the markets are watchfully waiting to see what comes out of washington, if anything. of course, mr. boehner has gone back to his home in ohio for the weekend. the president is on duty at the white house. there are phones, as mr. boehner said, in southern ohio where he lives. if there are any developments, the two gentlemen certainly will be able to get in touch with one another. meantime, there are some individual stock stories of interest at this hour. and one of them concerns facebook. be a facebook lockup expires today and 150 million shares will open up on the market. the last time we had a lockup expiration many expected to see
>> wait for it. apple is in the the news again. a pinch that could be used on an iphone screen, pinch and zoom, the patent has been invalidated. look at apple. actually it's going to be up this morning, it's not a major defeat for apple, but an interesting development in the patent wars. pinch and squeeze on that one. apparently that one is no longer an apple patent and we do have new numbers out from rasmussen, look at what they show. almost half of us believe that taking action to treat mental illness will do the most to prevent another tragedy like newtown, compare that to a little more than a quarter of us who think that stricter gun cell laws will do that joining us is scott rasmussen from rasmussen reports who conducted that poll. i'm surprised, i would have thought that with all of this talk about got to get rid of assault weapons, that would be the number one choice of prevention by most americans, but that's not the case. tell us about it. >> yeah, first of all, 86% do think that we need to do more to identify and treatment mental illnesses and part that have comes fro
losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that at least one major stock clearing house was raising margin requirements. and then there's the fiscal cliff. analysts citing fears about a hike in capital gains tax
to facebook, like us and ask your question. >> talk of the day, sirius, the company announcing a $2 billion share buy back. and it's a $2 stock, but everybody knows it. mel's gone, howard's still there. >> all right, that does it for us today, again join me on facebook after the show for office hours. right now it's time for "squawk on the street." >>> good thursday morning, welcome to "squawk on the street," i'm melissa lee live from the new york stock exchange. negative across the board, looks like we're going to lose about 8.5% on the dow. we're watching for headlines out of an ecd press report. our road map this morning starting with apple, cratering on its biggest decline yesterday on four years, closing just pennies off the lows of the session. the stock continues lower premarket as investors watch the death cross watch. >> a cnbc exclusive, tim geithner says over the cliff is a must. >> bank of england and ecb keeps rates unchanged. europe continues to hang in there economically. >> and nat gas gets a boost. the government finds exporting it is better than keeping it here at home. >>
asset sales. >> you agree? you remember your name before -- >> that does it for us today. make sure you join us tomorrow. right now, time for "squawk on the street." >>> good morning, welcome to squawk on the street. i'm carl quintanilla, melissaly, jim cramer. nyse euro net selling itself to ice for 8.2 billion in cash and stock. david is here to break it down. >> go through some of the numbers four. the deal itself having been officially announced in the last half hour or so board signing off, call it about 8 a.m. eastern time. my sources tell me this all began a couple of months back when jeffrey spraker, the ceo of ice approached duncan niederauer, the ceo of the stock exchange about a potential deal. looking forward hearing from both men later in the program. as for the deal itself, if you're a new york stock exchange shareholder, mr. spreker built this account the past decade. 36% of the combined company will be controlled by current new york stock exchange shareholders. you get a premium. also an opportunity to participate in the continued growth of what will be a trading ba he m
exchange for us. sue? >> ty, it is a little bit after down side bias today. investors are losing enthusiasm over the fed's move. and more specifically, the employment rate. right now, the dow is down 57 points on the trading session. most of that drop cake after mr. boehner made comments about the continues impasse in trying to resolve the fiscal cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving down right after we saw mr. bernanke give his press conference. we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something fol
the cliff. he will join us in a moment. american banks on guard for a new round of cyberattacks. your money could be at risk. we will talk to one cybersecurity expert who helps banks, stock exchanges or more protect themselves from attack. lori: a blockbuster deal for the intercontinental exchange, taking over the 200-year-old wall street institution in an $8 billion deal. charlie gasparino has new details. let's get updated on the markets, stocks belong. as we do every 15 minutes, we will check with nicole petallides. nicole: stock market bumping along not far off of the unchanged line so the dow industrials are up nine points worth a gain of 0.1%, the tech heavy nasdaq is one of a three with the down arrow and sweeping out a game today. we are continuing to follow nyse very closely on the heels of the deal that charlie gasparino noticed yesterday and it did come to fruition this morning, duncan neiderauer was here with the ceo of the eyes, intercontinental exchange. they were chatting about the deal that has come to fruition, $8.2 billion deal, premium, a lot of folks are happy about a me
. of course, we know this is a difficult transition. please work with us. we will continue forth until the president takes the airways, but we have to focus on apple. what went wrong in apple in china. where are they huge crowds of people tripping over themselves to get the new iphone five? after all, 300,000 reorders. 300,000. it sounds like a lot, but there are some are calling this launch this news, even a dad. will this further erode the stock which has plummeted 28% since that september? we decided to go beyond this. of the chinese over it? some months, the apple turnout, not at all what it was cracked up to be. investors are voting with their wallets. apple shares are down. just a couple of percentage points. important to know this is trading in a nine month low. add another 4 percent today, the negative comments adding to the selling pressure. the firm cutting its 2013 estimates and lowering its price target. we know that maybe the huge ones are not so huge in china because apple instituted an online reservation system. folks, let's not ignore it. the allies did not even come cl
. in fact, it's sitting on the lows of the session at 13,135. danny hughes is with us from divine capital and mark spellman from value line funds and joe greco on the flor with meridian equity partners and our rick santelli is standing by in chicago. rearranged priorities on this, and the market really reflects that. >> absolutely does, bill. a hard day to trade when you're so focused on the tragedy that's unfolding in front of us, and as the mother of a kindergartner and a pre-school child my heart goes out to these families. it's a real terrible thing. >> we do have business to conduct though in washington. >> we do. >> and when we last left that story it appeared there was very little progress made. how do you invest in that kind of an environment? >> even less is happening frankly, so, you know what, we have to do is still keep our eye on the ball and have to believe that at some point something will further itself, whether it happens whether we go over the cliff or before that. reinvest in companies that are dividend payers, that have an efficiency paradigm so whether they are invest
, good news, but a u.s. federal agency's going to signing off blackberry. david: oh, competition. whoever thought blackberry would come back, but it has. liz: at least for the moment, dow not coming back, 72.s down on the day, starting in the green by a tiny bit, but the markets started to the upside, crossed the line 30 times, and at 11:30 a.m. eastern, boehner came out, said spending's the issue. the president's not listening. it basically ruined the marks as you see. s&p couldn't gain here, down eight points. david: looking at the negative numbers, imagine what they would be if the fed did not do the money printing. a lot worse than it was today. could have been worse. facebook, when the market is in the red, facebook in the green, today is not an exception. today, a big bump, over 2% bump. tomorrow, of course, is the third lock up, another 156 million shares of facebook coming online, previous times when that's happened, we saw the stock jump as it did today. liz: right. everybody expected it to fall, it didn't. we're watching that. when apple falls on iphone estimate cuts, so do the
for all of us, but especially up in the northeastern coast of japan, which has yet to rebuild since last year's tragedy. here in tokyo, the 7.3 magnitude earthquake rattled windows and shook walls for several minutes. buildings swayed but there were no immediate reports of damage or death. there were ten injuries. off the northeast coast. sirens blaired as officials issued immediate warnings for residents to escape to higher ground. >> translator: i'm all right now. >> reporter: japan's northeast coast was devastated by the march 2011 quake and tsunami that took 20,000 lives, set off the world's worst nuclear meltdown since chernobyl. workers at the fukushima nuclear plant were ordered to evacuate. they reported no irregularities. all tsunami warnings have since been lifted. in the wake of the march 2011 disaster, the state of japan's nearly 50 nuclear power plants remains very much unresolved. on december 16th, we'll have an election. the conservatives are likely to take power. and support nuclear power once again. that's likely to cause gridlock in the parliament, send demonstrators in
. steve is going to be talking about their expansion right here in the u.s. including a three-star, upscale hotel. they had been focusing on the lower scale hotels. will that hurt their brand, or might it increase it? we'll be asking him. liz: first, what drove the markets in today's data download. stocks closing higher after struggling for direction early on with the dow crossing the flat line 25 times. all three major indices did post gains. technology had to be, right? was one of the best performers along with consumer discretionary. today's top performing sectors, health care and utilities, well, they did lag. the number of americans filing new applications for unemployment benefits falling for a third straight week as we remind you, thises the number you want to see fall. hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 from 393,000. and treasury prices rising today, pushing yields back down to their lowest level
pushing us along throughout this entire last six months. lori: absolutely. thank you so much, nicole petallides on the floor of the new york stock exchange. protests turn violent in lansing, michigan, as union protesters ripped down a tent belonging to right-to-work supporters. becoming the 24th right-to-work states today allowing workers to get the right to join unions. jeff flock is in lansing michigan covering the story for us. i thought it was interesting how you covered the scene there with michigan a few years back, excuse me, wisconsin. >> wisconsin, exactly. not the same kind of intensity. part of that is because this is already pretty much a done deal. there they had not a teacher headed off. the second one being debated right now. but renew over here to the scene of the george romney state office building. george romney, former governor of wisconsin, and father of mitt romney. the large group of protesters are trying to get into the crowd and see. they have essentially ringed the entrance of the building trying to make their voices heard. they feel very frustrated. they fee
and the celebrities answering the calls from people who phoned in donations, galaxy phones they were using. you're seeing galaxy ads everywhere, they dominate football games on sundays as well. apple, the ipad, ipad mini, the iphone their ads have been swamped by samsung and microsoft. is apple still the king of cool? shareholders wants to know and so do i. let's bring in mark, editor in chief of laptop magazine. is apple still the king of cool? what do you say. >> when it comes to the design and getting the latest apps first, would i say yes for apple, but perception is becoming reality when it comes to the marketing ads you're talking about. when people see the big screen galaxy note 2 and in the office when i show people turn it on its side and two applications running on the screen the same time and pen input. in a lot of areas they're out-innovating apple and outmarketing apple, apple's bread and butter for a long time. stuart: mark, we'll get you more on the microsoft surface tablet. hold on a second i've got this for you. you want cool? take a look at this house, a mansion this miami on
and be willing to negotiate on spending. >> i see the future. the president lets us go over and then proposes a tax cut for the lower 98%. >> could you vote against it? >> he could do that for the two -- the two top rates is $400 billion. but he's got to do something on spending to address the problem. >> thank you, senator, for your time. right now it's time for "squawk on the street." >>> good monday morning. welcome to "squawk on the street." we're here at the new york stock exchange. let's get a check on how we're setting up for the first trading session of the week. we certainly have a lot to chew on over the weekend with the sunday talk shows, focusing on the fiscal cliff. it looks like we're looking at a lower open for the dow. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's on
with us. >> thank you for having me. >> that does it for us today. join us tomorrow. right now it's time for "squawk on the street." >> good tuesday morning. i'm carl with melissa lee, david faber, live from the new york stock exchange. jim cramer is on assignment today. well, are we getting close to a fiscal cliff deal or not. futures are up and the dow gained 100 yesterday. but there is room for skepticism. europe's grappling with the same question helped by some decent uk inflation data today. and a t-bill auction in spain. our road map begins with what appear to be significant progress in the debt negotiations overnight. a whose proposal looking to raise rates for those making more than $400,000 a year. but senator corker on squawk just poured a bucket of ice water on those hopes. >> whitney boosts her recommendations on citi, bank of america and discover financial. is that move by one of the more famous financial bears, a sign of a new era for banks? >> walmart is once again the target of a "new york times" investigation. but does the paper add anything new and can the stock outperf
versus the dollar on speculation that u.s. lawmakers will reach a deal on the fiscal cliff. why that makes the euro so much stronger, you know, the euro hit intraday high of 1.3238, it is up 1.6% so far this month alone against the greenback. homebuilder confidence jumping to its highest level in more than six and a half years in december. the national association of homebuilder index posting its climbing 2 points to 47 this , month. a lot of optimism today. david: and we have the numbers from oracle. they are out. adam shapiro has been parsing through he numbers. adam: investors will be pleased with oracle. revenue of 9.1 billion, up 3%. and the street was expecting 9.02 billion. one thing i want to tell you from the press release, they are saying that cloud software subscriptions revenues were up 17% to 2.4 billion. and that's one of the things that investors are really paying attention to as oracle goes into that space. david: that is one of the things they are pushing most heavily into. adam, hank you very much. let's get reacts from the chicago mercantile exchange. larry,
next guest. alex sharpton is with us. it is good to have you. the significance you think of an fha bailout, if it comes to that. >> i do not think it will be ruled out. we probably will have some type of popping off of the fha. if you look at where we stand right now, as an economy, we have a very modest recovery. it is most likely going to happen. connell: the significance of it is, in your mind, what? >> what needs to happen is we need to take note that we are subsidizing the fha again. while the fha is great for lower income borrowers, we are still allowing people to buy properties where they want after they post on the property, they are upside down on our property. that is where we need to be cautious. connell: we talk about it all the time, the housing numbers that are showing improvement. if people are only putting down, you know, the 3.5%, are we getting ourselves into a similar hole to the ones we are trying to dig ourseeves out of? >> unfortunately, we may have. the loans that the fha have increased in the past ten years, has increased tenfold. when you look at that type
up an expert telling us why these exchanges could spell trouble for doctors, hospitals and insurance companies. liz: but what drove the market in the data download? stocks erasing weekly gains with all three major indices ending the week lower with the s&p snapping a three week winning streak. consumer discretionary and utilities for the week's worst performing sectors. the euro surged to its highest level in seven months at the dollar dropped for the fifth day in a row versus the euro to go up another penny to $1.31 is pretty significant, language for the dollar 30, see you hitting the intraday high, u.s. consumer prices dropping for the first time in six months in november following 0.3%. the decline was driven by 7% plunge in the government's gasoline price. dave: a lot to talk about and we will get those details. dan is in the pits of the cme. jason fried telling us why european equities might be the best place to be. and brian is going to tell you how to play these markets if we go over the fiscal cliff. let's start with dan. i want to start with apple. what to you hear from fol
telling us that republicans will vote on a plan b in the house. likely this week. it will allow americans to avoid higher tax rates starting on january 1st. this deals with just the tax portion here on different rates. so, the threshold that republicans want is a million dollars. you wouldn't get a tax hike on your rates if you earned less than 1 million dollars annually. so that's a plan b that republicans vote on on the house. house speaker john boehner still wants a grand bargain with president obama. the two sides were drawing closer, last night their deal gave some discouragement to house speaker john boehner, so he's putting a second plan on the table and prefers president obama and they'll take it to-- >> it sounds like speaker boehner cannot sell the deal he's approaching with president obama to his own house members, so he's going to plan b the concentrate only on the tax side and put a vote before the house at some point maybe this week. is that roughly what's happening here? >> roughly, stuart. and also, what happens is this allows speaker boehner to go back to the president an
details for us. eamon. >> reporter: hi, bill. that letter does call for the speaker to negotiate, including all options on the table. it is a bipartisan letter. we should be a little bit careful on this because the letter habit actually been sent yet, we're told by congressman mike simpson's office. he's the congressman circulating the letter. he's gathering signatures from other members of congress, as we speak. they expect to send this letter. i've talked to some conservative republicans today here on capitol hill who say their minds are not changed, and that's going to be the group that's most difficult for the speaker to negotiate. nonetheless, the fact there's such a letter being circulated probably gives speaker boehner more elbow room in his negotiations and might help him beat back a little brush fire he saw on the right wing yesterday for being criticized after offering up $800 billion in tax increases. meanwhile, the white house confirming it has directed the office of management and budget to prepare plans for these massive spending cuts that would come at the end of t
again. >> we got to thank these guys. join us tomorrow. squawk on the street is next. >>> take a look at how we are setting up on this thursday session, the day after the federal reserve decision. a lot of economic data out this morning, jobless claims coming in better than expected. core ppi in line with consensus. retail sales light. as for the picture in europe, take a look there. really following the cues of the u.s. markets this morning. our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >> surges of best buy surging on reports that the founder is on the verge of making a formal takeover bid. >> and google maps has found its way back into apple's operating system. >> of course, we have to start off with the markets. dow's five-day winning streak has been snapped, d
, a u.s. investigation finds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yeste
route for us to take. peter: this afternoon, the president will speak in detroit. he will be speaking at and engine company, detroit diesel. obama aides said the company will also announce $100 million new investment and production as part of the president visit. dagen and connell. dagen: thank you very much, peter. peter barnes in washington. connell: groups of union workers expected to continue their protest against michigan becoming the nations 24th right to work state. dagen: we should point out, this just gives people the option of opting out from paying union dues. that is all that it does. the governor says he will not take on this divisive issue. low and behold, he is willing to sign it when it shows up on his desk. >> the governor did not want the kind of confrontation with unions, that, for instance, you saw in wisconsin. they put on a referendum on the november ballot saying we want to constitutionally banned the right of right to work. unions defeated the governor, one of the governor's favorite laws which is this emergency manager walt which he is trying to use to despera
♪ ♪ ♪ imus in the morning ♪ >> we've voted for you, now, help us out. good morning, everyone, that was from a detroit city council member. detroit runs out of money very soon, this is a call, publicly, for an obama bailout. so, who is next? california, illinois, good question. raise tax rates on the rich or no deal. yeah, the line has been drawn again. president obama says america is poised to take off, but only if the republicans agree to tax the rich directly. he will only accept higher tax rates. how will speaker boehner respond to that? he speaks within the hour. and how about this, top anchors at a news network visit the white house for a cozy chat with the president. tell us, mr. president, how can we sell your tax the rich policy? citigroup, 11,000 jobs gone. "varney & company" about to begin. having you shipy gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ me announcer ] break from e holiday stress fedex office. >> we'll begin with sad news. da
, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not yet accepted the proposal. >>> also, apple says it has sold more than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>
. they are making money. it is a lot more than you think. the retail holiday bliss. toys are us among those planning around the clock service. we have our own version of around the clock. nicole petallides is on the floor of the new york stock exchange. nicole: it really is a time to shop. let's take a look at the major market averages. the tech heavy nasdaq is squeezing out some games. it is up about five points. some other traders talking talking about the fact that yesterday they got a lot of monetary policy. then they start to get economic news of things the a little bit better. they have to digest each piece of economic news. there is a look at the dow. 13,237. it is down about eight points. let's talk about best buys. from 1956, that is when he founded best buy. he is moving ahead. it could be by the end of the week. it is up 15.5%. connell: a news alert from washington. you will see it here live from d.c. as we wait for the speaker, we will hear from a guy who says >> whatever god deal is signed, there will be a lot of pressure. boehner will have to cut a deal that raises taxes. their idea of
, that will go up to 4.7 trillion. whatever happens to this deal will not do anything to get us closer to balance the budget or cutting spending. there are no politics organize around it. democrats think we can borrow money at these rates forever and there is no worry about that, and they will be right until the moment they are wrong and if they are wrong, this countries in a world of trouble. melissa: we're looking at raising taxes on the wealthy, still at the same time that is the issue at the forefront it seems it has to be settled first to get any further. do you think they will settle in the middle on families that make more than 400,000, a lot of people think that will be the point in the middle that we end it, what do you think? >> both sides right now according to today and yesterday are circling around each other at pretty close levels, it looks like we're heading towards an agreement. i think it will be somewhere there. republicans will have to take a real take on increasing taxes on the wealthy because perversely because they held the line on taxes for only so long instead of talking a
far i'm growing demand overseas for supplies from the u.s. soybeans also dropping on slowing demand. david: peter kenny, to see his communicates, some of the best material on what is happening in the market around the world. we have him here live. and peter barnes with the latest developments on the fiscal cliff negotiations, but let's art in chicago with john, two very interesting situations continuing, drama over the fiscal cliff in d.c. and also this week we have the fed meeting. which is more important to the market? >> eventually it will be the fiscal cliff that is more important to the market, but make no doubt about it, the fed meeting with the announcement wednesday morning and wednesday afternoon is going to continue to support risk assets. you were talking about how the dollar is melting up for the fourth consecutive day. the federal reserve will make a very active effort to continue to support risk assets. whether they're equities or commodities. the metals market had a very positive day, recovering a bit with the damage done last week. risk assets are doing well, but ove
. the u.s. economy added 111,000 private sector jobs according to adp. a bit weaker than expected. because of impacts from hurricane sandy. the bank saying it is looking for ways to cut expenses. those cuts amount to 4% of the companies workforce and is estimated to save $1.1 billion every year. stocks now and every 15 minutes. nicole petallides. nicole: we are looking at a market that is to the downside. let's take a look at citigroup. it is about 4% of the workforce. citigroup is higher. it has had an up arrow throughout the day today. we saw the dow jones industrials this week to the downside. we had two consecutive days in selling. down arrows for the nasdaq. down 1.1%. connell: breaking news out of washington. earlier, speaker boehner speaking about the fiscal cliff. now it is president obama. let's listen. >> we have emerged not yet where we need to be, but we certainly have made progress. the reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your compan
the rest from there. the lady goes on to say it's a quid pro quo give us the monny because we voted for you. the question, will the president offer any hint of a bailout, bailout help for deeroit today. will he address union anger at michigan's right to work legislation? this goes to the heart of government spending and the position of organized labor in president obama's second term. we're right there in michigan. let's go to facebook. weigh in on what's happening there. will detroit get a bailout and what do you think about the unions? will they win? good questions all. now, one of the worst blowouts in nfl history. seattle seahawks beat arizona cardinals 58-0. the cardinals threw four interceptions fumbled four times and gained 154 yards and seattle undefeated at home and then there's this. the new york giants scored only 52 points in the win over the new orleans saints. the star was the rookie and he returned the kick off for touchdown and all purpose yards and kept the giants in the lead. and major result for the economy. people having fewer babies, blaming the economy and one woman wh
dollars charge as it repositioned oppositions. charlie gasparino tells us it is even more cuts are on the way. lori: new warnings and ethanol blended gasoline. joining us on whether you should be worried about what you put into your gas tank. let's get up to speed, back the floor of the new york stock exchange and nicole petallides. economic data on the service industry. nicole: looking good, lori and melissa. up 125 points. after two days of selling we are seeing some market action to the upside. we are above the 13,000 mark, well above that. 13,076. the nasdaq squeezing it out. concern for apple, but financials are doing well. let's take a look at the group. laying off 11,000 workers, that is the plan. a new ceo in place and he wants to make his mark. up 6.5%. it is under pressure, nowhere near $700 for the all-time high in september. the latest findings other actually going to use the market share for the ipad to the android in some microsoft folks, they're facing intense competition. with the findings you see stocks down 4%. back to you. melissa: interesting. lori: thank yo
, and jamie dimon. look at that -- >> in addition we have jerry webb. make us all -- the rest of us feel -- >> we have one -- >> you're an economist or something? you play on to have -- you can think about the 12-12-12 thing in the meantime because you're good at math. >> yeah. all that stuff. >> all right. >>> as we move closer to the edge of the fiscal cliff, every move is being magnified by the markets. president obama and house speaker john boehner spoke by phone on tuesday, exchanging new proposals. the president gave boehner a revised offer on monday, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that re
you have a lot of business. >> we will be staying open to the holidays. our clients have pushed us to get these closed for the. stuart: you have been talking up your own book. >> we will do what our clients want. stuart: demanding higher tax rates on the rich. >> i believe they are not necessary. i believe it will change. stuart: it was fun. they can and connell, it is yours. connell: thank you, stuart. dagen: new life for a tax increase on billionaires. connell: how would such a deal play with the democrats. dagen: apples weekend in china. new iphone sales top 2 million units. connell: $3.24 a gallon. these are the best prices we have seen all year for gasoline. a very, difficult day and weekend for many around the country. dagen: it will be a difficult week, month and many years to come as we try to deal with these shootings in newtown, connecticut. we will bring you up-to-date about any news as we get it. you'll hear about it in the fox news minute coming up in just a short while. connell: the business news of the day. we will begin with nicole petallides at the new york stock e
us up to date, please. we have run a little bit over, turn on. i think it was for a worthy cause. dagen: thank you for making me tear up again, charles. the house speaker is set to update us on these talks in about an hour. connell: we could see a new round of money pumping. the impact as the two-day meeting starts. dagen: michigan's capital under siege. protests over right to work. connell: should we call it an apple tax? on average, families are spending thousands of dollars a year on apple products. dagen: it is not a tax, it is a choice. top of the hour, stocks now and every 15 minutes. nicole: all right, dagen and connell, take a look at the markets. the dow jones industrials up triple digits. the dollar has been lower. they have talked about the gains that we have been seeing over in europe. the euro top 50. that is very interesting, as well. this is the environment. it bodes very well. another winning day here on wall street. drug stocks, bank stocks doing well. the vix, the fear index, is to the downside. let's take a look at urban outfitters. taking a look at their quart
to save everybody. cliff robbins, thank you for being here. join us tomorrow, "squawk on the street" begins right now. >>> a government fractured, a market paralyzed, a call to action. as our nation careens to the fiscal cliff. cnbc's challenge to lawmakers to rise above partisan politics, seem compromise and find the solution. the clock is ticking down. the stakes are getting higher. now, we are turning up the pressure. this is a cnbc special report, "mission critical: rise above d.c." >> welcome back to our continuing coverage, mission critical: rise above d.c. we've been here all morning long. while we've been here on capitol hill, we've been talking to lawmakers about rising above gridlock and reaching a real deal on the fiscal cliff. in the last hour we sat down with grover norquist saying no one should strike a bad deal, and that there is no better reason to raise taxes now than there was in the past. he also added he thinks house speaker boehner has been a good leader during the fiscal cliff negotiations. and then we were joined by bob corker and bob conrad. corker said we ne
Search Results 0 to 49 of about 69 (some duplicates have been removed)

Terms of Use (10 Mar 2001)